The EUR/USD currency pair has gotten a big boost as a result of China stating that it will impose tariffs on $60 Billion of U.S goods starting June 1st. This action has undoubtedly extended the ongoing trade war between the two countries.

China’s declaration came three days after the US action of all most tripling tariffs on $200 Billion of Chinese imported goods.

The EUR/USD bullish momentum has picked up steam as a result of China’s promise to raise tariffs on US goods. As a result of the actions of the two countries, the USD has take a hit in the short term.

The Mstardom Finance trading group is predicting that the next short-term target for the EUR/USD currency pair is 1.1305. The pair has met support at the 1.1253 area and resistance at the 1.1263 area. This price action is inline with our calculated and predicted price movements. If our bullish prediction doesn’t hold, then a pullback to the 1.1216 area is expected.

Disclaimer: The above opinions should be used for research and educational purposes only and should not be interpreted as investment advice because we are not investment advisers.

Author: Glenford S. Robinson

Glenford S. Robinson is a Clinical Laboratory Scientist and a staff writer for Mstardom Finance. He generally writes articles pertaining to the Forex and Stock market. The author is also a regular trader of the EUR/USD currency pair.

Mr. Glenford S. Robinson is the Chief Executive Officer and Founder of Mstardom Finance. He is the editor-in-chief of News and Magazine article publishing. Mr. Robinson is also the lead developer of the Mstardom Finance Platform at Mstardom.com. He is passionate about quantitative finance and technologies associated with that discipline, such as python-based algorithmic programing. Mr. Robinson is also a Clinical Laboratory Scientist currently practicing laboratory medicine. When Mr. Robinson is not practicing laboratory medicine, writing articles, or studying finance, he is creating mathematical and statistical modules, using quantitative approaches to identify trading opportunities in the Forex and Stock Market.

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The ECB is hell bent on keeping the value of the Euro as low as possible in order to compete with Trump’s USD for bottom-dwelling supremacy. Going forward, an interest rate decision either by the ECB or the FOMC in the not so distant future favoring the Euro could cause a rapid rise of the currency pair back up toward the 1.1400 level.

The ECB’s net profit is distributed to the euro area national central banks (NCBs). The Governing Council decided to make an interim profit distribution, amounting to €1,191 million, to the euro area NCBs on 31 January 2019. At yesterday’s meeting, the Governing Council decided to distribute the remainder of the profit, amounting to €384 million, on 22 February 2019.

Despite the moderate outlook, the unemployment rate in the Euro area has remained stable at 8.1 percent, since the summer of 2018. With unemployment reaching a decade low, companies feel the pain of talent shortages, especially in an aging labor market.

As the UK approaches the 29th March 2019, companies are yet to fully comprehend the impact Brexit will have on retail. As political negotiations and parliamentary votes are yet to settle the final rules and implications of the UK's departure, unknown territory must be navigated in planning for the Brexit transition process.

The green back has appreciated over 20% against other currencies since July 2014 in anticipation of a rate hike. A strong dollar is a positive for consumers buying goods or traveling overseas, but the flipside is that a strong dollar ends up hurting American exporters.

For the short-term minded trader who elects to buy the stock as a result of its 52-week outstanding performance, short-term trouble could be on the horizon. The main reason why there could be trouble is because professional and institutional traders use a stock’s 52-week high mark has a take-profit point where they lock in their gains accrued over the past year.

Financial and Economic News for Investors, Traders, and Entrepreneurs

Standard & Poor's credit rating for the United States stands at AA+ with stable outlook. Moody's credit rating for the United States was last set at Aaa with stable outlook. Fitch's credit rating for the United States was last reported at AAA with stable outlook. DBRS's credit rating for the United States is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of the United States thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for the United States as reported by major credit rating agencies.

Ardelyx announced the FDA has approved its tenapanor, brand name Ibsrela, a 50mg twice-daily oral pill for the treatment of irritable bowel syndrome with constipation in adults. The drug acts locally in the gastrointestinal tract by inhibiting the sodium-hydrogen exchanger, leading to increased bowel movements and decreased abdominal pain.

The stock fell 6.37% to $5.88 in after-hours trading.

Ritter's Lactose Intolerance Drug Fails In Late-Stage Study

Ritter Pharmaceuticals Inc (NASDAQ: RTTR) announced the Phase 3 trial of RP-G28 that is being uated for lactose intolerance failed to show statistical significance in its pre-specified primary endpoint. Top-line data from the 557-subject Phase 3 trial showed the investigational compound brought about a significant symptom improvement in patients, but there was no or little difference compared to placebo.

"We are continuing to analyze the results of the trial to better understand the data and clinical outcomes to assess a path forward, which may include alternative strategic options for the ...

Defining a recession as two consecutive quarters of negative GDP growth doesn’t tell the whole story of the effect human emotions has on the financial markets. Before there are any consecutive quarters of negative GDP growth, there is the impact of human emotions on the financial markets, which should be taken into consideration. So, by the time two quarters of consecutive GDP growth hits the headlines, investors’ emotions would’ve already nose-dived into depression, dragging down the economy with it. That scenario could be the vampire plaguing the current U.S. economy.

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Defining a recession as two consecutive quarters of negative GDP growth doesn’t tell the whole story of the effect human emotions has on the financial markets. Before there are any consecutive quarters of negative GDP growth, there is the impact of human emotions on the financial markets, which should be taken into consideration. So, by the time two quarters of consecutive GDP growth hits the headlines, investors’ emotions would’ve already nose-dived into depression, dragging down the economy with it. That scenario could be the vampire plaguing the current U.S. economy.

Could the US economy be on the verge of an all-out economic collapse? Well, the urgency with which the Federal Reserve Chairman Jerome Powell has acted says exactly that. The Chairman hinted on Friday that the central bank would continue its rate cutting plans started last month (rate cut of 25-basis points).

The infamous inverted yield curve is used to forecast economic recession and it too has shown itself a few times recently, flip flopping its way into the hearts of paranoid investors. The take-away from this is that for a true economic recession to occur, the inverted yield curve must remain inverted for many months to qualify as a true predictor of economic recession.

The price of gold has certainly benefitted from the US-China trade war, hitting a six-year high of $1,510. When there are uncertainties in the US dollar and global economy, investors look for safe-haven asset classes to stash their cash. Gold is one of those safe-haven asset classes that investors turn to during times of trouble. In addition, the price of gold is inversely proportional to the price of the US dollar. This means that whenever the price of gold goes up, the price and value of the US dollar goes down. So, as currency traders who trade the USD against other currencies, we should all understand the relationship between the USD and AUX (Gold).

The USD is very strong right now, beating most of the currencies in the basket of six major currencies. Therefore, it will take a negative decision such as the advent of a US interest rate cut to cause the demise of the US dollar.

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Mr. Glenford S. Robinson is the Chief Executive Officer and Founder of Mstardom Finance. He is the editor-in-chief of News and Magazine article publishing. Mr. Robinson is also the lead developer of the Mstardom Finance Platform at Mstardom.com. He is passionate about quantitative finance and technologies associated with that discipline, such as python-based algorithmic programing. Mr. Robinson is also a Clinical Laboratory Scientist currently practicing laboratory medicine. When Mr. Robinson is not practicing laboratory medicine, writing articles, or studying finance, he is creating mathematical and statistical modules, using quantitative approaches to identify trading opportunities in the Forex and Stock Market.